Dine Brands Global, Inc. (NYSE:DIN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Dine Brands Global, Inc. (NYSE:DIN) has been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $46.43.

A number of analysts recently commented on DIN shares. Truist Financial reaffirmed a “hold” rating and issued a $37.00 target price (down from $66.00) on shares of Dine Brands Global in a research report on Friday, October 4th. Wedbush raised Dine Brands Global from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $34.00 to $47.00 in a report on Tuesday, October 1st. Benchmark reissued a “hold” rating on shares of Dine Brands Global in a report on Tuesday, October 29th. UBS Group decreased their price objective on Dine Brands Global from $56.00 to $51.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, StockNews.com raised Dine Brands Global from a “hold” rating to a “buy” rating in a report on Saturday, October 12th.

Dine Brands Global Trading Down 2.6 %

Shares of DIN opened at $29.85 on Tuesday. The company has a market capitalization of $456.68 million, a PE ratio of 5.01 and a beta of 1.71. Dine Brands Global has a 12 month low of $28.25 and a 12 month high of $52.05. The stock’s 50-day moving average price is $30.95 and its two-hundred day moving average price is $35.12.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.07. Dine Brands Global had a negative return on equity of 35.88% and a net margin of 11.14%. The company had revenue of $206.30 million for the quarter, compared to the consensus estimate of $210.46 million. During the same period in the previous year, the business earned $1.82 EPS. The firm’s revenue was down 1.0% compared to the same quarter last year. Equities research analysts predict that Dine Brands Global will post 5.82 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Friday, September 20th were paid a $0.51 dividend. The ex-dividend date was Friday, September 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.83%. Dine Brands Global’s payout ratio is presently 34.23%.

Hedge Funds Weigh In On Dine Brands Global

Several institutional investors have recently bought and sold shares of the company. Olstein Capital Management L.P. lifted its stake in Dine Brands Global by 25.1% in the third quarter. Olstein Capital Management L.P. now owns 302,205 shares of the restaurant operator’s stock valued at $9,438,000 after purchasing an additional 60,605 shares during the last quarter. Olympiad Research LP purchased a new stake in shares of Dine Brands Global during the third quarter worth $407,000. Ballentine Partners LLC purchased a new stake in shares of Dine Brands Global during the third quarter worth $421,000. Signaturefd LLC lifted its position in shares of Dine Brands Global by 383.4% during the third quarter. Signaturefd LLC now owns 2,973 shares of the restaurant operator’s stock worth $93,000 after acquiring an additional 2,358 shares in the last quarter. Finally, Creative Planning lifted its position in shares of Dine Brands Global by 162.8% during the third quarter. Creative Planning now owns 25,573 shares of the restaurant operator’s stock worth $799,000 after acquiring an additional 15,843 shares in the last quarter. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Dine Brands Global Company Profile

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, and operates restaurants in the United States and internationally. The company operates through six segments: Applebee's Franchise Operations, International House of Pancakes (IHOP) Franchise Solutions, Fuzzy's franchise operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.